Kaltura (NASDAQ:KLTR) Raised to Buy at Wall Street Zen

Kaltura (NASDAQ:KLTR) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Kaltura in a research note on Friday, September 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.00.

Kaltura Price Performance

KLTR stock opened at $1.45 on Friday. The company has a market capitalization of $221.20 million, a price-to-earnings ratio of -16.11 and a beta of 1.24. Kaltura has a 1-year low of $1.05 and a 1-year high of $2.05. The business has a 50 day simple moving average of $1.42 and a two-hundred day simple moving average of $1.40.

Kaltura (NASDAQ:KLTR) last issued its earnings results on Wednesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. Kaltura had a negative net margin of 6.92% and a negative return on equity of 51.05%. The firm had revenue of $46.89 million during the quarter, compared to analyst estimates of $45.60 million.

Insider Buying and Selling at Kaltura

In related news, insider Eynav Azaria sold 83,995 shares of Kaltura stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $2.01, for a total value of $168,829.95. Following the transaction, the insider owned 2,072,527 shares in the company, valued at approximately $4,165,779.27. This trade represents a 3.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Natan Israeli sold 259,322 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1.87, for a total value of $484,932.14. Following the completion of the sale, the insider owned 1,809,537 shares of the company’s stock, valued at approximately $3,383,834.19. This trade represents a 12.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 633,644 shares of company stock worth $1,145,474 in the last quarter. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Kaltura

A number of institutional investors have recently bought and sold shares of KLTR. State of Wyoming boosted its holdings in Kaltura by 12.3% during the third quarter. State of Wyoming now owns 93,856 shares of the company’s stock valued at $120,000 after acquiring an additional 10,302 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Kaltura during the 2nd quarter worth about $204,000. Bank of America Corp DE bought a new position in shares of Kaltura in the second quarter valued at approximately $197,000. Hsbc Holdings PLC acquired a new position in Kaltura in the second quarter worth $46,000. Finally, S Squared Technology LLC bought a new position in Kaltura in the second quarter valued at about $2,525,645. Hedge funds and other institutional investors own 30.79% of the company’s stock.

About Kaltura

Kaltura, Inc provides cloud-based video technology and software designed to help organizations create, manage, distribute and analyze video content. Its platform serves businesses, educational institutions, media companies and other organizations that use video for communications, collaboration, training, learning and audience engagement.

The company’s offerings include video management and hosting, live and on-demand streaming, virtual events, webinars, video conferencing, virtual classrooms and interactive video experiences.